TSX 30 average return hits 785 percent
Celestica leads a record-breaking TSX 30 cohort driven by AI and mining gains.
The average dividend-adjusted share price appreciation for the 2026 TSX 30 top performers reached 785 percent. This figure nearly doubled the previous year’s average return. The ranking covers a three-year period ending in 2025.
Investors capitalized on the global build-out of AI data centres and infrastructure projects. Technology and mining stocks dominated the list. These two sectors accounted for the majority of the 30 spots.
Tech stocks drive record gains
Five technology companies made the final list. They added $85.3 billion in market capitalization over the three-year period. Celestica Inc. topped the ranking for the second consecutive year. The company posted a 2,590 percent dividend-adjusted share price increase.
Celestica provides electronic manufacturing solutions for high-tech industries. Its customers include major technology firms benefiting from AI demand. Other tech names on the list include MDA Space Ltd. and Hut 8 Corp.
Mining sector leads diversification
Eighteen mining companies secured spots on the list. This is a slight increase from the previous year. The group expanded beyond gold to include silver, copper, and rare earths. This diversification reflects shifting global supply demands.
Robert Peterman, chief commercial officer of the Toronto Stock Exchange, cited a commodity super cycle. He noted expected shortfalls in various materials over the next five years. Junior exploration companies are key to finding new mines to fill these gaps.
Energy firms gain from sovereignty
Two energy companies made the list: Tenaz Energy Corp and Valeura Energy Inc. Tenaz Energy posted a 1,463 percent dividend-adjusted share price performance. Global energy flows shifted after the U.S. conflict with Iran restricted crude oil movement.
Countries are increasingly viewing energy as part of their sovereignty plans. Anthony Marino, CEO of Tenaz Energy, stated that Canada remains a supportive jurisdiction for energy development. The company focuses on lower operating costs to differentiate itself. This data is reported by GN markets/commodities (en-US).
